5 Stocks Pushing The Services Sector Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 146 points (1.1%) at 13,259 as of Tuesday, Nov. 6, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 2,070 issues advancing vs. 801 declining with 135 unchanged.The Services sector currently sits up 0.6% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the sector include MakeMyTrip (MMYT), down 23.3%, Cablevision Systems (CVC), down 6.4%, Discovery Communications (DISCK), down 3.2%, Charter Communications (CHTR), down 2.7% and Directv (DTV), down 2.5%. Top gainers within the sector include Weight Watchers International (WTW), up 15.7%, Vitamin Shoppe (VSI), up 11.6%, Myriad Genetics (MYGN), up 10.1%, Chipotle Mexican Grill (CMG), up 5.1% and Fidelity National Information Services (FIS), up 4.9%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Tidewater (TDW) is one of the companies pushing the Services sector lower today. As of noon trading, Tidewater is down $2.89 (-5.9%) to $46.03 on heavy volume Thus far, 606,534 shares of Tidewater exchanged hands as compared to its average daily volume of 427,500 shares. The stock has ranged in price between $45.60-$49.26 after having opened the day at $48.95 as compared to the previous trading day's close of $48.92. Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels. Tidewater has a market cap of $2.4 billion and is part of the transportation industry. The company has a P/E ratio of 28.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Tidewater a buy, no analysts rate it a sell, and 1 rates it a hold.TheStreet Ratings rates Tidewater as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Tidewater Ratings Report now.
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